Czech National Bank Purchases 7,950 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Czech National Bank boosted its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 7.9% during the third quarter, HoldingsChannel reports. The fund owned 108,398 shares of the company’s stock after buying an additional 7,950 shares during the quarter. Czech National Bank’s holdings in American Electric Power were worth $11,122,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. KBC Group NV increased its position in shares of American Electric Power by 18.3% during the fourth quarter. KBC Group NV now owns 38,743 shares of the company’s stock valued at $3,147,000 after buying an additional 5,993 shares during the period. Lake Street Advisors Group LLC bought a new stake in shares of American Electric Power during the fourth quarter valued at about $215,000. Oppenheimer & Co. Inc. increased its position in shares of American Electric Power by 0.8% during the fourth quarter. Oppenheimer & Co. Inc. now owns 46,052 shares of the company’s stock valued at $3,740,000 after buying an additional 355 shares during the period. 1832 Asset Management L.P. increased its position in shares of American Electric Power by 6.3% during the fourth quarter. 1832 Asset Management L.P. now owns 23,158 shares of the company’s stock valued at $1,881,000 after buying an additional 1,378 shares during the period. Finally, Public Employees Retirement Association of Colorado increased its position in shares of American Electric Power by 432.0% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 74,916 shares of the company’s stock valued at $6,085,000 after buying an additional 60,834 shares during the period. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Trading Down 1.1 %

Shares of NASDAQ:AEP traded down $1.09 during trading on Friday, reaching $100.28. 1,900,833 shares of the company traded hands, compared to its average volume of 3,178,522. The firm has a market capitalization of $52.86 billion, a price-to-earnings ratio of 18.60, a P/E/G ratio of 2.93 and a beta of 0.54. American Electric Power Company, Inc. has a 52-week low of $69.38 and a 52-week high of $105.18. The company has a current ratio of 0.65, a quick ratio of 0.48 and a debt-to-equity ratio of 1.53. The business’s fifty day moving average is $100.29 and its 200-day moving average is $92.11.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.02. The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.74 billion. American Electric Power had a return on equity of 11.31% and a net margin of 13.52%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.13 earnings per share. As a group, analysts forecast that American Electric Power Company, Inc. will post 5.6 EPS for the current year.

American Electric Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend was Friday, August 9th. American Electric Power’s dividend payout ratio (DPR) is presently 65.31%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AEP shares. BMO Capital Markets upped their price target on American Electric Power from $109.00 to $114.00 and gave the company an “outperform” rating in a research report on Thursday. Guggenheim boosted their price objective on American Electric Power from $81.00 to $83.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Morgan Stanley boosted their price objective on American Electric Power from $102.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Jefferies Financial Group assumed coverage on American Electric Power in a report on Friday, September 20th. They set a “hold” rating and a $107.00 price objective for the company. Finally, Scotiabank boosted their price objective on American Electric Power from $99.00 to $108.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $96.79.

American Electric Power Profile

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.